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Louisiana Incentives and Workforce Development Guide

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Enterprise Zone Program: Provides a one-time $2,500 tax credit per certified net new job, and either a 4 percent sales/use tax rebate on qualifying expenses or an investment tax credit equal to 1.5 percent of capital expenditures, excluding tax-exempted items.

Quality Jobs: Provides a 5 percent or 6 percent rebate on annual payroll expenses for up to 10 years, and either a 4 percent sales/use tax rebate on capital expenditures or an investment tax credit equal to 1.5 percent of qualifying expenses.

Research and Development Tax Credit: Provides up to a 40 percent tax credit for Louisiana businesses (based on employment) that conduct research and development activities in Louisiana.

LED FastStart®: Provides workforce recruitment, screening and training to new and expanding Louisiana companies at no cost.

Digital Interactive Media and Software Development Incentive: Provides a refundable tax credit of 25 percent on qualified production expenditures and an additional 10 percent tax credit for Louisiana resident labor expenditures.

Motion Picture Investor Tax Credit: Provides a transferable tax credit of 30 percent on qualified production expenditures and an additional 5 percent tax credit for Louisiana resident labor expenditures.

Technology Commercialization Credit and Jobs Program: Provides a 40 percent refundable tax credit on costs related to the commercialization of Louisiana technology and a 6 percent payroll rebate for the creation of new direct jobs.

Competitive Projects Tax Exemption: Provides a 10-year property tax abatement on qualifying capital investments of at least $25 million in targeted non-manufacturing industry sectors. The abatement applies to ad valorem taxes exceeding $10 million or 10 percent of the fair market value of the property, whichever is greater. The exemption is available in selected parishes.

Mega-Project Development Fund: Provides grants of up to 30 percent of the total cost of a project that creates or retains at least 500 direct jobs or that provides a major investment in the state. A project must create 500 direct jobs, create or save at least 500 direct jobs at a facility that has been closed or a facility that risks closure, or provide a minimum initial investment of $500 million through the creation of a new facility or the expansion of an existing facility. In addition, the project must provide a substantial return on the investment by the state as measured by projected tax revenues.

Economic Development Award Program: Provides funding for site and/or infrastructure improvements for projects creating new jobs.

Industrial Tax Exemption: Provides a 100 percent property tax abatement for up to 10 years on local property taxes (ad valorem) on a manufacturer’s new investment and annual capitalized additions.

Live Performance Tax Credit: Provides a tax credit of up to 25 percent on qualified production or infrastructure development expenditures, with an additional 10 percent tax credit available for payroll expenditures to Louisiana residents. For infrastructure development eligibility, the project must be located on the campus of a higher education institution.

Modernization Tax Credit: Provides a 5 percent refundable state tax credit for manufacturers modernizing or upgrading existing facilities in Louisiana.

Restoration Tax Abatement: Provides a five-year 100 percent property tax abatement for the rehabilitation of an existing structure.

Sound Recording Investor Tax Credit: Provides a 25 percent refundable tax credit for qualified production expenditures on state-certified sound recording projects.

Corporate Tax Apportionment Program: Provides single-sales factor apportionment to highly competitive projects in order to secure jobs and business investment in target industry sectors.

Competitive Projects Payroll Incentive: Provides a payroll rebate of up to 15 percent in target sectors each year for up to 10 years, and either a 4 percent sales/use tax rebate on capital expenditures or a facility-expense rebate equal to 1.5 percent of qualifying expenses.

Corporate Headquarters Relocation Program: Provides a rebate of up to 25 percent of facilities and relocation costs, to be claimed in equal parts over five years.

Angel Investor Tax Credit: Provides a tax credit up to 35 percent for individual investors when they invest in early-stage, wealth-creating businesses.

Small Business Loan Program: Provides up to 75 percent loan guarantees to facilitate capital accessibility.

Veteran Initiative: Provides veteran-owned and disabled, service-oriented veteran-owned small businesses with greater potential for access to state procurement and public contract opportunities.

Hudson Initiative: Provides small businesses with greater potential for access to state procurement and public contract opportunities.

Small and Emerging Business Development Program: Provides developmental assistance to small businesses, including entrepreneurial training, marketing, computer skills, accounting, business-planning, legal and industry-specific assistance.

Louisiana Economic Gardening Initiative: Provides Louisiana-based small businesses with accelerated technical assistance and research from an experienced national economic gardening team.

Updated 1/12/15

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